The date for liftoff will matter tremendously, particularly if the central bank decides to move in a month that's likely to be a highly volatile one.» Read More
Little Market Confidence in Europe's 'Joke' Stress Tests [CNBC.com via Financial Times]
Wow! Bill Gates is no longer the richest man in the world [Forbes]
Attention fellow "old sports" the 'Great Gatsby' mansion to be razed [NYDailyNews]
Sallie Krawcheck, head of Bank of America's wealth management division, has a reputation on Wall Street for being smart, charming, and impeccably honest.
But her job—squaring the circle between Merrill Lynch's brokerage culture and BofA's banking culture—presents what business strategy types call a non-trivial challenge.
\('Non-trivial challenge' is management speak for a job in which you are at least as likely to fail as to succeed.\)
The tinderbox known as the Middle East has been the source of fuel for the price of crude. You can easily track the direct relationship between fear and the geopolitical events on its chart. Just when you think there is a pull back something ignites and the run up begins yet again.
With the roller coaster ride still going, I decided to catch back up with Kevin Book, Managing Director of Research at ClearView Energy Partners, on the current oil situation and what advice he is offering his clients.
Establishing a no-fly zone over Libya is likely to be far messier and less effective than advocates like Senators John McCain and John Kerry are forecasting.
Stratfor’s George Friedman has the best analysis so far of the perils of a “no-fly” policy. Let me run through his important points .
In Wall Street terms, the trial of Raj Rajaratnam is like Wyatt Earp and Doc Holliday against Johnny Ringo and the Clanton Gang, staging what could be the final showdown at the financial markets’ version of Tombstone.
Ralph Rosenberg, ex-Goldman Sachs and Eton Park partner has just been made the chief of global real-estate investing at KKR.
It’s almost certain that the government recorded conversations between Rajat Gupta and Raj Rajaratnam.
Pretzels are the latest symbol of failure for the airline industry.
Continental Airlines has eliminated its distribution of free pretzels to coach class customers during domestic flights. When an airline stops giving away salty snacks some see harbingers of doom. For example, the New York Times writes :
Apparently, there’s a lot of confusion about why the SEC chose to bring the action against alleged insider trader Rajat Gupta as an administrative procedure rather than a civil or criminal trial in federal court.
A market priced for perfection will start to wilt when investors realize things aren't particularly perfect.
We have what traders call "degrossing," where participants are simply taking down overall exposure a bit.
Argentina's central bank on Tuesday ordered HSBC Argentina to name a new president and vice president within 24 hours.